Radnor Capital Management LLC Sells 6,125 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Radnor Capital Management LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,293 shares of the company's stock after selling 6,125 shares during the quarter. Radnor Capital Management LLC's holdings in American Electric Power were worth $469,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Safeguard Investment Advisory Group LLC boosted its stake in shares of American Electric Power by 4.3% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after purchasing an additional 100 shares during the last quarter. Marcum Wealth LLC boosted its stake in shares of American Electric Power by 3.0% in the 1st quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after purchasing an additional 101 shares during the last quarter. SouthState Corp raised its position in shares of American Electric Power by 1.6% in the 4th quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after acquiring an additional 102 shares during the period. Ascent Group LLC raised its position in shares of American Electric Power by 0.4% in the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after acquiring an additional 102 shares during the period. Finally, Dark Forest Capital Management LP raised its position in shares of American Electric Power by 2.3% in the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after acquiring an additional 103 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.0%

AEP stock traded up $0.02 during mid-day trading on Friday, hitting $101.79. 2,045,035 shares of the company were exchanged, compared to its average volume of 3,200,569. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The firm has a market cap of $54.38 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.97 and a beta of 0.42. The firm's 50 day simple moving average is $104.43 and its 200 day simple moving average is $101.00. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.27 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.93 per share. The ex-dividend date is Friday, May 9th. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. American Electric Power's dividend payout ratio is currently 71.68%.

Insider Transactions at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,057 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total value of $829,387.58. Following the completion of the transaction, the executive vice president now directly owns 26,298 shares of the company's stock, valued at approximately $2,707,116.12. This trade represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the transaction, the executive vice president now directly owns 9,658 shares of the company's stock, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. UBS Group increased their price target on shares of American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a research report on Friday. Barclays increased their price target on shares of American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets increased their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $107.75.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.